Don’t Fight the Fed!
Don’t fight the Fed! This week was dominated by the 50 basis points cut in interest rates – something that had a very low probability just a few weeks ago. The saying ‘Don’t fight the Fed’ was attributed to Martin Zweig, and means that betting against the Fed’s policies, especially when it is moving interest […]
Unrealized Gains
Unrealized Gains. Well, a nice week for a change. 5 up days in a row, and here we are bumping up against all-time highs again. The week before was particularly nasty – short and sharp, very unpleasant, which meant that I had a few emails from people worried about drawdowns. Drawdowns A drawdown simply means […]
Buffetted by the Market
Buffetted by the Market. A gruesome week, but we’ll get to that later. I thought that we would take a look at Warren Buffett, the ‘world’s greatest investor’. Yes, he is wildly wealthy ($150 Billion), but is he actually that good an investor? Buffetted by the Market Buffett took over the company in 1965 when […]
NVIDIA & AI
NVIDIA & AI. NVIDIA dominated the market news this week, with its results being reported after the bell on Wednesday. Analysts expected earnings of $0.64 per share and $28.8 billion revenue. The actual earnings were $30 billion, the eps $0.68. The outlook was upbeat, and they announced a $50 billion share buyback. All good news. […]
Elections & Markets
Elections and Markets. How will the election affect the market? I try to keep off politics in this blog, but ignoring what is happening in the lead up to the election is like ignoring the elephant in the room; everyone knows it’s there and it is awkward not to mention it, so here goes. I […]
Drawdowns & Losses
Drawdowns and Losses. Finally, a good week. Not before time. And we absolutely deserve it. So now is a good time to review the decrease in our accounts that we made in the 3 previous weeks and how we coped with them. Should we have bailed out? I imagine that two weeks ago some of […]